Recording transactions in general journal
Enter the following transactions in the two-column journal of Baumann Bathrooms. Include a brief explanation of the transaction as part of each journal entry.
Mar $\quad $1 $\quad $ Borrowed $ \$ 90,000 $ cahs trom the bank by signing a 90 -day note payable.
$\quad $ $\quad $3 $\quad $ Issued an additional 5,000 shares of share capital in exchange for $ \$ 40,000 $ cash
$\quad $ $\quad $4 $\quad $Purchased an adjacent vacant lot ofr use as parking space. The price was $ \$ 70,000 $, of which $ \$ 30,000 $ was paid in cash; a note payable was issued for the balance.
$\quad $ $\quad $8 $\quad $Acquired shop equipment from Elite Baths for $ \$ 5,400 $ cash.
$\quad $ $\quad $8 $\quad $Collected an account receivable of $ \$ 2,900 $ from a customer, Beekman Art Shoppe.
$\quad $ $\quad $9 $\quad $Issued a check for $ \$ 1,060 $ in full payment of an account payable

Question

Recording transactions in general journal
Enter the following transactions in the two-column journal of Baumann Bathrooms. Include a brief explanation of the transaction as part of each journal entry.
 Mar  $\quad $1 $\quad $ Borrowed $ \$ 90,000 $ cahs trom the bank by signing a 90 -day note payable.
 $\quad $ $\quad $3 $\quad $ Issued an additional 5,000 shares of share capital in exchange for $ \$ 40,000 $ cash
 $\quad $ $\quad $4  $\quad $Purchased an adjacent vacant lot ofr use as parking space. The price was $ \$ 70,000 $, of which $ \$ 30,000 $ was paid in cash; a note payable was issued for the balance.
 $\quad $ $\quad $8  $\quad $Acquired shop equipment from Elite Baths for $ \$ 5,400 $ cash.
 $\quad $ $\quad $8  $\quad $Collected an account receivable of $ \$ 2,900 $ from a customer, Beekman Art Shoppe.
 $\quad $ $\quad $9  $\quad $Issued a check for $ \$ 1,060 $ in full payment of an account payable

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The Answer of Recording transactions in general journal
Enter the following transactions in the two-column journal of Baumann Bathrooms. Include a brief explanation of the transaction as part of each journal entry.
 Mar  $\quad $1 $\quad $ Borrowed $ \$ 90,000 $ cahs trom the bank by signing a 90 -day note payable.
 $\quad $ $\quad $3 $\quad $ Issued an additional 5,000 shares of share capital in exchange for $ \$ 40,000 $ cash
 $\quad $ $\quad $4  $\quad $Purchased an adjacent vacant lot ofr use as parking space. The price was $ \$ 70,000 $, of which $ \$ 30,000 $ was paid in cash; a note payable was issued for the balance.
 $\quad $ $\quad $8  $\quad $Acquired shop equipment from Elite Baths for $ \$ 5,400 $ cash.
 $\quad $ $\quad $8  $\quad $Collected an account receivable of $ \$ 2,900 $ from a customer, Beekman Art Shoppe.
 $\quad $ $\quad $9  $\quad $Issued a check for $ \$ 1,060 $ in full payment of an account payable

Recording Transactions in General Journal Enter the Following Transactions in the Two-Column

Recording Transactions in General Journal
Enter the Following Transactions in the Two-Column